SubQuery Expands Consumer Rewards to $100M for Developers
SubQuery Grows Rewards Program for Developers
SubQuery has achieved a significant milestone by expanding its Consumer Rewards Programme, now offering a total of 100 million $SQT. This innovative initiative includes the addition of Decentralised RPCs (dRPCs), allocating 40 million $SQT specifically for rewarding the usage of these valuable resources.
Enhancing the Web3 Ecosystem
This move comes hot on the heels of the recent launch of a 60 million $SQT pool dedicated to indexing activities, marking it as one of the most substantial incentive programs in the field. By diversifying its coverage, SubQuery is setting a new standard within the developer community and establishing itself as a key player in Web3.
Why It Matters to Reward dRPC Usage
RPCs play a crucial role in providing connectivity across blockchain networks. Unfortunately, the current landscape is dominated by a few centralized providers, which poses risks such as potential service downtimes and censorship issues. By integrating dRPCs, SubQuery offers an alternative that is not only fast and reliable but also resistant to censorship, empowering developers to choose community-controlled infrastructure.
How the Consumer Rewards Programme Works
Starting from the first of September, rewards will be distributed monthly to verified users of dRPC, utilizing a transparent leaderboard model similar to that used for indexing rewards. This system encourages engagement and competition among developers while maintaining clear visibility of performance.
Key Features of the Rewards Programme
The program encompasses several key elements:
- 40 Million $SQT allocated for dRPCs
- Total rewards pool of 100 Million $SQT
- Public leaderboards for tracking user activity
- Monthly rewards for the top 100 dRPC users
- Rewards distributed based on proportional SQT spent
- Eligibility strictly for genuine projects
The initiative aims to reward early adopters who engage with the program, while also fostering a competitive environment that encourages innovation.
Positioning for the Future of Web3
By incorporating dRPC use into its rewards structure, SubQuery is not merely offering incentives but advancing a broader vision for decentralized infrastructure in Web3. The focus isn't solely on immediate rewards; it reflects a commitment to establishing a robust, developer-centric network that can facilitate the growth of future Web3 applications.
Getting Involved with SubQuery
For those interested in participating, it's recommended to explore the SubQuery Consumer Rewards Programme for full details. You can also acquire $SQT through various exchanges like Bybit, Gate.io, Crypto.com, or Uniswap. Join the vibrant SubQuery community on Discord to connect with other developers eager to embrace Web3 technologies.
About SubQuery
SubQuery Network stands at the forefront of innovating Web3 infrastructure, equipping builders with essential tools to foster decentralization. Its comprehensive approach combines data indexing and dRPC capabilities, all tailored for future growth. Through its open data indexer, SubQuery enhances thousands of decentralized applications across nearly 300 networks. The introduction of features like AI-assisted development allows for a seamless building, deployment, and maintenance experience for blockchain indexers. More than just a company, SubQuery represents a movement dedicated to cultivating an inclusive and decentralized Web3 landscape.
Frequently Asked Questions
What is the total allocation for the dRPC program?
The total allocation for the dRPC program is 40 million $SQT.
How does the rewards distribution work?
Rewards will be distributed monthly based on verified usage and will utilize a leaderboard to ensure transparency.
Who is eligible for the SubQuery Consumer Rewards Programme?
Eligibility is limited to genuine projects that actively use the dRPCs and indexing services.
What is the purpose of the public leaderboards?
Public leaderboards track user activity, encouraging competition and visibility within the developer community.
How can developers acquire $SQT?
Developers can acquire $SQT on platforms like Bybit, Gate.io, Crypto.com, or Uniswap.
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